Embedded AI For Self-Driving Cars Will Drive NVIDIA Stock Higher

NVIDIA (NASDAQ:NVDAlaunched NVIDIA DRIVE PX 2, the world’s most powerful engine for in-vehicle Artificial Intelligence (AI) for autonomous cars. At a press event at the Consumer Electronics Show (CES) 2016 in Las Vegas, NVIDIA unveiled AI technology that will let cars sense the world around them and drive themselves.

Embedded AI For Self-Driving Cars Will Drive NVIDIA Stock Higher

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NVIDIA leads the Graphical Processing Units (GPU) sector and offers specialized platforms for the gaming, automotive, data center, and professional visualization markets. NVIDIA's products, services and software power applications in virtual reality, artificial intelligence, and autonomous cars. It appears that NVIDIA has identified high performance on-board computing for self-driving cars as a new, important strategic focus - at the time of writing, autonomous driving innovation is prominently featured on the front page of the NVIDIA's official blog.

"Drivers deal with an infinitely complex world," said NVIDIA co-founder and CEO Jen-Hsun Huang. "Modern artificial intelligence and GPU breakthroughs enable us to finally tackle the daunting challenges of self-driving cars." Huang also announced that NVIDIA has established a first deal with Volvo (OTC:VOLVY) - the Swedish car maker will start deploying DRIVE PX 2 technology in 2017. Other users announced so far include Ford Motor (NYSE:F), Daimler, and Audi.

“Due to our close collaboration with NVIDIA, Audi has the ability to integrate technology quickly and move at the same innovation cycle as the consumer electronics industry,” said Audi Head of Electrics/Electronics Ricky Hudi. “We will push the technology of artificial intelligence, of machine learning, to get the same recognition rate - or even better than a human being. For me this is the most disruptive technology - machine learning - in what you can discover now, and not just in the automotive industry." According to the company, AI will give cars the ability to analyze and learn from hundreds of thousands, even millions, of driving situations to learn better than any human being can.

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Disclosure: I do not hold any positions in the stocks mentioned in this post and don't intend to initiate a position in the next 72 ...

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